Lease Wikipedia.
Broadly put, a lease agreement is a contract between two parties, the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. 2 The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use. The term rental agreement can refer to two kinds of leases.: A lease in which the asset is tangible property.
Lease Definition of Lease by Merriam-Webster. Merriam-Webster Logo.
Learn More About lease. Post the Definition of lease to Facebook Share the Definition of lease on Twitter Time Traveler for lease. The first known use of lease was in the 14th century. See more words from the same century.
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What's' the Difference Between Single, Double, and Triple Net Leases? 4 Things Landlords Aren't' Allowed To Do. Millennial Guide: How to Read a Lease. 11 Mistakes Inexperienced Landlords Make. Real Estate Investing. Comparing Freehold vs. Temporary Leasing Your Home to Cover Your Mortgage.

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